Blockchain Technology Adoption and Implementation for Securing IoT Devices

Abstract

The rise of connected world is a reality through Internet of Things (IoT) technology and is increasingly changing the way people live, communicate and work. Perhaps, for a continued support to be delivered efficiently and effectively in terms of the services IoT offers, there are some challenges which need attention. This is basically the security aspects pertaining to the data the IoT devices generate, collect and process. In the recent years, blockchain technology gained attention in cutting edge solutions based on securing IoT devices. However, it is observed that adoption of blockchain technology is limited in several countries. The proposed research aims to investigate potential barriers to adopting blockchain technology in smart city applications through a qualitative study. In addition, a stake algorithm to demonstrate the security aspect in IoT device is presented.